Is autopaying your bills a good idea?
Although I wouldn’t describe myself as an early adapter, I have switched to automated payments for most of my bills— primarily because it’s convenient and, in some instances, generates credit cad points. Although there's something to be said for seeing a balance in front of you ans writing a cheque of paying online.
But, says Marketwatch, letting vendors reach into your wallet each and every month can be a problem since you may be setting yourself up for all-too-frequent fee hikes, surprise costs, and payments for services you never even use.
I do check, of course, and haven’t had many problems but maybe I’ve been lucky. Anyway, here are five fees you may want to worry about, Marketwatch warns.